According to a recent report from the PwC Health Research Institute, three-quarters of healthcare executives plan to invest in artificial and predictive intelligence in the next three years.i Although applying these technologies to medication management in the hospital can help reduce the impact of drug shortages and price increases, only 20 percent of respondents believe they have the ability to implement and achieve success with this technology. Omnicell helps healthcare facilities maximize the benefits of such technology investments, leveraging real-time, cloud-based reporting, analytics, and benchmarking to drive more strategic decision making, while freeing up time for healthcare providers to refocus from administrative tasks to making clinical contributions.

Omnicell's analytics tools and workflow solutions will be on display at HIMSS18 in booth #1629. These include:

Omnicell Analytics is an easy-to-use, web-based diversion analytics software, designed to transform real-time data into actionable insight to help detect potential drug diversion more efficiently.

XT Series Automated Medication Dispensing Cabinets help improve workflow efficiency, medication accountability, and patient safety through the latest hardware technology and smart software features, including interoperability with leading electronic health record (EHR) systems, diversion analytics and comprehensive controlled substance management. Omnicell's automated dispensing cabinets have received the highest ranking from KLAS for 12 years in a row.

For the first time at HIMSS, Omnicell will be featuring the recently announced Omnicell® XR2 Automated Central Pharmacy System and Omnicell IVX Workflow. The XR2 system uses robotic technology to eliminate numerous manual tasks, allowing pharmacy to redirect resources to clinical activities that have meaningful impacts on patient outcomes. By automating critical workflows in the central pharmacy, XR2 helps drive efficiencies, minimize human error, and enable more accurate management of inventory levels.

IVX Workflow is an innovative sterile compounding workflow solution that incorporates integrated barcode scanning, gravimetric or volumetric verification, advanced image recognition, photo documentation, and label printing as part of a compact all-in-one package. It is designed to support safe, accurate, and streamlined IV sterile compounding. IVX Workflow is powered by Omnicell® IVX Cloud, a web-based software suite designed to manage all aspects of IV compounding workflow operation across a hospital or health system.

In addition, Omnicell will be hosting a reception and panel discussion titled "Digital Transformation Using Interoperability, Machine Learning and Predictive Analytics in the Healthcare Environment with the Impact on Medication Safety" on Tuesday, March 6 from 6 p.m.-8 p.m. at the Venetian Sands Convention Center, Room 201.

Omnicell's Performance Center will also be featured in the Interoperability Showcase, located on Level 1 in Hall G. Omnicell will partner with Epic, B Braun, GuardRFID, and Philips in a Use Case titled "Diabetes and Cardiovascular Risk Factors." The case follows individuals with multiple comorbidities, such as diabetes and heart disease, as they face challenges moving through the healthcare system.

"As hospitals continue to look for ways to raise the level of care, we are proud to offer our hospitals and health system partners a broad portfolio leveraging the latest innovative technologies that can be integrated throughout their facilities," said Nhat H. Ngo, executive vice president, marketing, strategy & business development at Omnicell. "We're excited to be at HIMSS18 and showcase how we can work with healthcare providers to reduce manual processes, allowing them to maximize their resources and help positively impact patient outcomes."

About Omnicell

Since 1992, Omnicell (NASDAQ: OMCL) has been inspired to create safer and more efficient ways to manage medications and supplies across all care settings. Omnicell is revolutionizing the patient medication experience from hospital to home by empowering providers to keep each patient at the center of care. The Company's autonomous approach to medication management leverages a differentiated platform for hardware and workflow software solutions, real-time predictive intelligence, and performance-driven partnerships to help drive operational, financial, and clinical success for customers.

Omnicell's innovative medication adherence solutions, used by over 32,000 institutional and retail pharmacies in North America and the United Kingdom, are designed to improve patient engagement and adherence to prescriptions, helping to reduce costly hospital readmissions.